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Pandemic living is driving some Canadians to save money — and many are coming out ahead Oct 4th
Quick to point out they’re among “the lucky” ones, those who’ve continued to earn a decent income during COVID-19 are seeing their wealth grow and investing in their futures..... More »
CIBC boosts dividend after posting third-quarter net income of $1.1B + MORE Aug 24th
CIBC is reporting nearly $1.1 billion of net income for its fiscal third quarter, and an increase to its quarterly dividend..... More »
What happens to an RESP when a family moves to the U.S.? + MORE May 8th
It’s a familiar story: a family builds their life in Vancouver, does all the right things, opens a registered education savings plan (RESP), contributes diligently, and collects the Canada Education Savings Grant (CESG). Then, an opportunity arises south of the border—a job offer, a lifestyl.... More »
Chele, 34, has $100,000 in debt after a family emergency. Making $45,000, can she pay it off and eventually buy a home? + MORE Jun 14th
It’s been a rough couple of years for Chele. Now, she is hoping to turn her financial situation around..... More »
Premarket: Amazon earnings miss sends ripples though world markets Jul 28th
Investors spooked by sudden drop in technology shares; Amazon falls after reporting slump in profit
.... More »
Lennar, Atmel, Denbury, Weatherford and GoPro are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Lennar Corp., down 16 cents to $51.59
The homebuilder reported a boost in fiscal third-quarter profit, with earnings and revenue beating Wall Street expectations.
Denbury Resources Inc., up 4 cents to $2.94
The oil and gas company is suspending its dividend beginning in the fourth quarter as the industry contends with lower oil prices.
Weatherford International PLC, down $1.71 to $8.41
The drilling equipment company launched a $1 billion stock offering and will use proceeds for acquisitions and general purposes.
Nasdaq
Atmel Corp., up 92 cents to $8.19
The semiconductor developer and manufacturer is being acquired by Dialog Semiconductor for $4.6 billion in a cash-and-stock deal.
Plug Power Inc., up 28 cents to $2.17
The fuel cell and alternative energy company’s technology is being used at a new Home Depot distribution centre in Ohio.
Zillow Group Inc…
NYSE
Lennar Corp., down 16 cents to $51.59
The homebuilder reported a boost in fiscal third-quarter profit, with earnings and revenue beating Wall Street expectations.
Denbury Resources Inc., up 4 cents to $2.94
The oil and gas company is suspending its dividend beginning in the fourth quarter as the industry contends with lower oil prices.
Weatherford International PLC, down $1.71 to $8.41
The drilling equipment company launched a $1 billion stock offering and will use proceeds for acquisitions and general purposes.
Nasdaq
Atmel Corp., up 92 cents to $8.19
The semiconductor developer and manufacturer is being acquired by Dialog Semiconductor for $4.6 billion in a cash-and-stock deal.
Plug Power Inc., up 28 cents to $2.17
The fuel cell and alternative energy company’s technology is being used at a new Home Depot distribution centre in Ohio.
Zillow Group Inc…
Rates fall at weekly US Treasury bill auction; 3-month bill at lowest rate ever
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills fell in Monday’s auction, with the rate on three-month bills hitting its lowest level ever and the rate on six-month bills the lowest since mid-July.
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 0.005 per cent, its lowest level ever and down from 0.055 per cent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.115 per cent, down from 0.260 per cent last week.
The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Financial markets had been zigzagging with anxiety this summer as investors tried to figure out whether the Fed would start phasing out the period of extraordinarily low borrowing rates it launched at a time of crisis.
The six-month Treasury bill rate in Monday’s auction was the lowest since those bills averaged 0…
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 0.005 per cent, its lowest level ever and down from 0.055 per cent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.115 per cent, down from 0.260 per cent last week.
The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Financial markets had been zigzagging with anxiety this summer as investors tried to figure out whether the Fed would start phasing out the period of extraordinarily low borrowing rates it launched at a time of crisis.
The six-month Treasury bill rate in Monday’s auction was the lowest since those bills averaged 0…
Business Highlights
– canadianbusiness.com
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Volkswagen rocked by US emissions scandal as stock slides 17 per cent
BERLIN (AP) — Volkswagen, the world’s top-selling automaker, lost a stunning 17.1 per cent of its value Monday after admitting that it intentionally rigged nearly half a million cars to defeat U.S. smog tests.
The Obama administration, meanwhile, announced it is expanding its investigation of what it’s calling “defeat devices” in diesel vehicles, to make sure other manufacturers aren’t using similar schemes to thwart federal Clean Air laws.
Volkswagen has now admitted that it intentionally installed software programmed to switch engines to a cleaner mode during official emissions testing. The software then switches off again, enabling cars to drive more powerfully on the road while emitting as much as 40 times the legal pollution limit.
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As turbulence shakes markets, experts suggest sitting tight
NEW YORK (AP) — Whenever disaster strikes people run for safety. They race outside when a house catches fire and head to the basement when a tornado tears through town…
Volkswagen rocked by US emissions scandal as stock slides 17 per cent
BERLIN (AP) — Volkswagen, the world’s top-selling automaker, lost a stunning 17.1 per cent of its value Monday after admitting that it intentionally rigged nearly half a million cars to defeat U.S. smog tests.
The Obama administration, meanwhile, announced it is expanding its investigation of what it’s calling “defeat devices” in diesel vehicles, to make sure other manufacturers aren’t using similar schemes to thwart federal Clean Air laws.
Volkswagen has now admitted that it intentionally installed software programmed to switch engines to a cleaner mode during official emissions testing. The software then switches off again, enabling cars to drive more powerfully on the road while emitting as much as 40 times the legal pollution limit.
___
As turbulence shakes markets, experts suggest sitting tight
NEW YORK (AP) — Whenever disaster strikes people run for safety. They race outside when a house catches fire and head to the basement when a tornado tears through town…
NBCNews.comRussia starts Syria drone surveillance missions: US officialsReuters CanadaWASHINGTON (Reuters) – Russia has started flying drone aircraft on surveillance missions in Syria, U.S. officials said on Monday, in what appeared to be Moscow's first military air operations there since staging a rapid buildup at a Syrian air base.Father Raymond J. de Souza: Might the refugee crisis also be 'solved' with …National PostMorse: Russia puts pressure on U.S. with Syrian interferenceOttawa CitizenRussia to Start Bombing in Syria ASAPDaily BeastIrish Times -The Australian -The Australian Financial Reviewall 844 news articles »
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
